Restaurant and Office
For Sale
$1,200,000
130 Elizabeth Lane N, Rock Hill, SC 29730
End-user or investor building with commercial kitchen, large event room, office spaces, and on-site parking on two parcels.
Property Size6,888 SF
Lot Size0.58 Acres
Price / SF$174.22
Days on Market138
Property Features for 130 Elizabeth Lane N
General Information
Standard status
Active
Size
6,888 SF
Lot size
0.58 Acres
Property subtype
Retail
Zoning
DTWN
Additional Details
Opportunity Zone
Yes
Amenities
3
Parking.
Lot.
Level
Open, Clear lot, Level.
Building Details
Year Built
1957
Listing Agency:
Carolina Homes Connection, LLC
(774) 392-1337
Listed By:
Haley Walker · License #317277
(774) 392-1337
Source:
Xome
Added: Apr 9
Changed: Aug 24
Last Checked: Aug 21 at 3:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Carolina Homes Connection, LLC
Investment Insights
Based on property information with market context.
This downtown Rock Hill property for sale offers a highly adaptable building layout that includes a commercial kitchen, a large event room, and multiple functional spaces that can serve as offices. Additional interior space is available downstairs off the kitchen area, and the property includes on-site parking plus additional green space for future use or expansion.
The asset is located within the DTWN zoning district and is designated as an Opportunity Zone. It sits on two parcels totaling approximately 0.58 acres and comprises approximately 6,888 square feet.
The existing configuration supports a combined use approach, with dedicated kitchen and event space paired with office-ready rooms, along with outdoor area and parking to support day-to-day operations.
The asset is located within the DTWN zoning district and is designated as an Opportunity Zone. It sits on two parcels totaling approximately 0.58 acres and comprises approximately 6,888 square feet.
The existing configuration supports a combined use approach, with dedicated kitchen and event space paired with office-ready rooms, along with outdoor area and parking to support day-to-day operations.
Key Highlights
- Built in 1957 commercial property in downtown Rock Hill
- Approx. 6,888 SF building on two parcels totaling ~0.58 acres
- Includes a large event room plus multiple functional spaces/office areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$92,656
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,853,120
$1.9M
Cap Rate 7%
$1,323,657
$1.3M
Cap Rate 9%
$1,029,511
$1.0M
Market Conditions
NOI Build-Up for 6,888 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$138.0K $20.04/SF
− Vacancy
−$14.5K −$2.10/SF
EGI
$123.5K $17.94/SF
− OpEx
−$30.9K −$4.48/SF
NOI
$92.7K $13.45/SF
Area
York County, SC
Vacancy
10.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,853,120
Cap Rate 7%
$1,323,657
Cap Rate 9%
$1,029,511
Alternative Uses
Best Use
Specialty Retail
$1.32M
$1.16M – $1.54M
NOI $92,656 @ 7.0% cap · market cap 7.72%
Second Best
Industrial
$880.3K
$770.3K – $1.03M
NOI $61,623 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,385 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,399
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
5,970 visits/mo
0.4 miles
Demographics for 29730, SC
57,325
Population
26,209
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
89%
High-School Grad
119.4 sq mi
ZIP Area
480
Density / Sq Mi
$63,122
Median Household Income
$39,484
Median Earnings
$1,234
Median Rent
$239,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - End-user or investor building with commercial kitchen, large event room, office spaces, and on-site parking on two parcels.
Where is this commercial kitchen located?
The property is located at 130 Elizabeth Lane N Rock Hill, SC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Built in 1957 commercial property in downtown Rock Hill; Approx. 6,888 SF building on two parcels totaling ~0.58 acres; Includes a large event room plus multiple functional spaces/office areas
